Warren Buffett breaks silence on Berkshire Hathaway’s massive $321 billion cash pile, says he is about to go on a spending spree; here's where he's going to invest
Warren Buffett has reassured investors that with Berkshire Hathaway's record cash holdings, he has planned to deploy the funds in one major emerging market, as per a report.
Trump-Modi Meet
The mega MIGA, MAGA plans of India's Modi and US' Trump
Trump says India has more tariffs than others
Trump's 'golden rule' for imposing reciprocal tariffs
Cash reserves not a sign of market collapse
The 94-year-old billionaire used his annual letter to shareholders to calm the increasing worries about the company's enormous $321.4 billion cash hoard, which many had speculated was a signal he was getting ready for an economic downturn, reported Daily Mail.
As Berkshire Hathaway started increasing its cash pile, many investors thought that Buffett was gearing up for a market meltdown. Berkshire had skipped stock buybacks for the second consecutive quarter, a move some analysts read as an indication that Buffett doesn't believe the company's stock is undervalued, as per Wall Street Journal.
Buffett explained that although the firm's cash levels are higher than ever, its owned businesses also have increased valuations, as per his letter.
He stated «Despite what some commentators currently view as an extraordinary cash position at Berkshire, the great majority of your money remains in equities. That preference won't change,» as quoted by Daily Mail.
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Basics of Generative
